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Weeklyforecast

NZDJPY Headed Upward +250 Pip PotentialWelcome back! Let me know your thoughts in the comments! **NZDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
11
⭐️GOLD: forecast for Jun 27 -Jul 1News background: G7 embargo to ban Russian gold imports On June 26, US President Joe Biden announced that the G7 countries (USA, UK, Germany, Canada, France, Italy and Japan) would impose a ban on the import of Russian gold. According to US Secretary of State Anthony Blinken, the refusal of the G7 countries to import gold from Russia will deprive it of about $19 billion. The EU has said it is ready to consider joining the G7 in a ban on Russian gold imports. The head of the European Council, Charles Michel, stressed that the restrictions should be studied for damage to the EU economy. This news background is expected to slightly support metal prices, but one should not expect strong growth due to such sanctions. With or without this news, precious metals are expected to rise in the medium range. Technical Analysis: BUY-priority The price of the instrument is in a large corridor of 1810$ - 1875$ . Gold is more tended to grow, however, at the beginning of the week, a rollback down to around 1820$ should be expected. Apparently, the mood of buyers will increase, but in the event of a rollback to 1810$ and a "long pause" for at this level, such a scenario would result in a drop below 1800$ . For further growth (priority scenario), buyers need to overcome the level of 1855$ , which acts as a small obstacle on the way to 1875$ . Upside potential is now limited by the level of 1900$ . 🔥 GOLD Forecast Results 🔥 ⭐️GOLD: forecast for May 30-Jun 3 👉 +1900 points ✅: ⭐️GOLD: forecast for Jun 6-Jun 10 👉 +2900 points ✅: ⭐️GOLD: forecast for Jun 20-Jun 24 👉 +1800 points ✅: ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
OANDA:XAUUSDLong
by TradePlus-Fx
6
SPY Channels in your Weekly Game Plan$SPY bottomed on FOMC week and established the immediate trend's lower channel. The bounce off the lows moved SPY to the upper channel & a continuation wedge formation (stair-stepping downward). Friday's bottom wick attacked the intermediate trend that was established near the Jan lows. We have an "impingement" upcoming in the SPY Wedge Formation this week...does the larger, intermediate channel dominate the April/May channel? If so, expect a move back over 395 and possibly a run at the 405 level which is the 20DMA & the weekly low set on May 1st. If the move up towards 395 fails, expect the intermediate channel to be re-tested (should be under 380 by then) and then continue the Wedge Formation down towards the 374 area which might spark high volume selling and take SPY under 370. Dotted horizontal lines are key weekly lows since February and placed for your visual reference of potential Profit Taker areas. Key SPY levels for the upcoming 2 weeks: 360/ 368 / 374 / 377 / 380 / 385.15 / 405 / 411 / 420
AMEX:SPY
by VeteranWS
2
Audjpy weekly forex analysis with trading strategy for 02-05-22Audjpy weekly forex analysis with trading strategy for 02-05-22 In the recent times, i have been trading more of aussie pairs. from 2 weeks ago, a 100+ pips sell on audusd shared here video analysis on YT. Last week, audusd and audcad sell analysis which is still doing massively fine. For this coming week, My selected pair from my watchlist is the audjpy for a SHORT. Fundamentally, in the past week, interest rates from the Bank of Japan (BoJ) was unchanged, on tuesday the 3rd of may, the Reserve bank of Australia will announce interests rate which may affect the Aud as the interest rates is forecasted to be increased. Nonetheless, if the interest rate from the RBA is increased to my forecasted rate of 0.25%, i would still consider a short trade. Technically, explained in the video analysis, Audjpy was initially in an uptrend printing higher highs and higher lows then followed by a massive rally to the upside signaling the presence of massive institutional 'Buys' pushing audjpy to an overbought level. After the move and watching closely, audjpy, started changing direction on the 4hr timeframe breaking structure to the downside and created unfilled supply zones as shown in the screenshot above. this was after price failed to break a major supply zone above. Audjpy further printed a SHOOTING STAR candlestick pattern on the weekly chart followed by a bearish week. After all these, I am considering a high probability sell scenario for the audjpy with an entry strategy shared in the video analysis of this content. Let's go take some risks, let's go make some money. regards. Preshus, Millionaire logistics
Short
by MillionaireLogistics
Potential Double Bottom Pattern for Bitcoin?Honestly, there are countless possibilities and patterns for Bitcoin right now. I am focusing on a Potential Double Bottom (W) Pattern since I am following that Idea since mid-December 21, for now, there's more evidence that this actually can be a Double Bottom Pattern.  Just FYI,  Weekly was charted here. As said above, there's a Chance that Bitcoin is evolving into a Double Bottom or so called W Pattern. What gives me confidence is the Fact that the "Heikin Ashi" Candles are sowhing a weakening Trend, so that there's a chance that the current trend finally will change into an Uptrend. This thesis is backed by the RSI which is recovering, a bullish cross will probably happen in 1-2 Weeks, if no major news etc. will crush it. The Target for the Double Bottom should be somwhere between 100-110k, in the following Months. Of course, just if a Breakout occurs. If you like my Content, hit the 👍 and/or comment and make sure to follow. This Analysis is not intended to be investment advice. Always DYOR.
BITSTAMP:BTCUSDLong
by blauersamt
9
4-8th April Economic Outlook!Hey traders, Today we're going to be looking through this weeks economic calendar. We're going to look at what data is going to be released and what really is going to be affecting the market. I will also share my bias on the different pairs and the different data being released to see if any of these are going to be tradeable or whether or not we should just kind of stay out of the market during these times of uncertainty. I hope you enjoy this outlook into the week ahead. It's going to be a quiet week compared to recent times unless we get any breaking news coming out of Russia and Ukraine. In terms of economic data releases, it is going to be a little bit quieter than usual. Monday - 4th April We don't have too much happening in our favor on Monday. Here the biggest release is the unemployment change for Spain. While it may move the euro just a little bit, I'm not seeing a whole lot of tradeable opportunity. I think Monday is going to be a lot better just to kind of sit back and watch to see what happens. Tuesday - 5th April On Tuesday, we get a little bit more exciting. We have a fair bit of data being released for us. 🟨 AIG Construction Index Early in the morning we have the AUD, AIG construction index. This index indicates how well the construction industry is actually running at the moment, it's not something we're going to trade, but rather it's good insight as looking ahead into the PMI, into our employment rates and then overall trade balance in the future. It is a good indication of how well the economy is running confined into that construction sector as it is a very large employer in Australia. 🟥 Cash Rate Coming in a little bit later in the day, we have a very large, definitely tradeable event with the RBA rate statement and their overall cash rate. The forecast is for it to remain at 0.10%. I believe this will remain at 0.10%. I'm not expecting any shock announcements. However, in the event we do get a shock number come through, it's going to be a very volatile time and a possible opportunity to be able to catch a lot of pips on the Aussie dollar. If we do get a shock event on this, it will move for a few hours prior to entering into the European market so keep an eye on this release. ⬜ EUR Looking ahead, we do get a lot of services PMI coming out for the euro, but not really looking to be trading that. I'd rather use that as an indication of how well the economy is running, looking ahead into future releases. 🟥 ISM Services PMI The biggest standout is the ISM services PMI for the US dollar. Obviously the market is forecasting growth in the services industry. I'm not too sure how well that's going to stand. It's not something I usually trade. However, given the previous data releases, I'm unsure if it's going to be able to maintain its bullish forecast. We've been told that construction spending is down, the manufacturing PMI, while still expanding has slower growth than what it was first anticipated. Our nonfarm employment change was negative. There's a lot of different areas suggesting that we may not be as hawkish as what the forecast says. So I do expect this to come in a little less than what we're looking at currently but only time will tell. Wednesday - 6th April 🟧 Crude Oil Inventories This is going to be an interesting one. This is something I've been looking to try to look to how it affects the US dollar, but rather something I'm just overly intrigued about given the current circumstances in the world. 🟥 FOMC Meeting Minutes FOMC meeting minutes is always volatile one. it is good to have a look through what the meeting discussed and how it went on. For users that don't know how this affects the market FOMC meeting minutes is a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates. Thursday - 7th April 🟨 AIG Service Index Another AUD index release. We have the construction index earlier in the week, now we have the services index coming out. Once again it's not something I trade, however, it is fantastic insight into retail sales data. When we do get those retail sales announced next week, we can use this services index to give us a pivotal action point on where those retail sales are aiming, which is why I've noticed that in today's economic calendar, it's worth noting because we can make a preemptive play on the retail sales data release. 🟨 Retail Sales The Euro retail sales expecting a little bit of an increase with the overall potential panic buying happening across Europe. It's going to be interesting to see what happens here. We massively missed the forecast in March. However, it is looking like they've been a little bit bearish while still forecasting growth of 0.6%. Banks are no longer aiming for the real high numbers, I think we're going to come in maybe around 1%, but I'm not putting money on that prediction, it is rather an assumption. I will have to do some more research and I recommend you do you same as well, having the services PMI come through this week from all the different countries within Europe is going to be a great insight into how well the economy is actually performing on the retail sales front. Friday - 8th April Nothing worth mentioning on Friday, the week is going to come to a slow stop. As I said, it is a bit of a slow week this week, only a few different data points worth noting, so we will end the week quite quiet. Obviously, we might have a bit more movement on the fundamental side of things next week but this week looks like it's lining to be a great technical analysis trading week. Always keep your eye on the whole Russia and Ukraine situation because anything can happen there and the market will react accordingly. Do keep your news streams live and in depth as you don't want to be caught off guard by anything going on over there. These are personally just my outlooks having a look into the future week. Do note the data to keep an eye on when they are released and of course you can use the TradingView calendar as well to keep note on that. Have a fantastic trading week, I wish you all the best success.
Education
by the5erstrading
GbpUsd Weekly forex market analysis with forex trading strategyGbpUsd Weekly forex market analysis with forex trading strategy from 4th April,2022. Fundamentally, the NFP released reports have shown that the number of jobs added to the US economy was lower than expected, even though the unemployment rate was lower than forecasted, hourly wages did not increase. Prior to the NFP, the US GDP reports for the 4th quarter shows a lower than expected figure with initial jobless claims reports higher than expected. From the UK, GDP reports for the 4th quarter shows a higher than expected figure . expected figure. Fundamentals to keep an eye on the coming week include the US trade balance, euro retail sales... Technically, price recently made an up thrust off a weekly retested demand zone after which a bearish week followed and currently price is reacting to a demand zone from the monthly time frame. zone. GbpUsd is close to the daily demand, I will be watching the area for confirmation to buy the Gbpusd .A full video and more detailed analysis with education was shared on my YT channel. 🦾 Let us go take some risks, let us go make some money.
Long
by MillionaireLogistics
Eur Usd Weekly forex market analysis with forex trading strategyEur Usd Weekly forex market analysis with forex trading strategy from 4th April,2022. Fundamentally, the NFP released reports have shown that the number of jobs added to the US economy was lower than expected, even though the unemployment rate was lower than forecasted, hourly wages did not increase. Prior to the NFP, the US GDP reports for the 4th quarter shows a lower than expected figure with initial jobless claims reports higher than expected. From the Euro zone, consumer price index preliminary report showed a higher than expected figure. Fundamentals to keep an eye on the coming week include the US trade balance, euro retail sales... Technically, price has enjoyed a long bearish move and currently has returned to an unmitigated monthly, and weekly demand zone. An unmitigated demand zone was created on the daily time frame as well. I am expecting price to reach for the un mitigated daily demand zone from where i will be looking out for price action confirmation setups for a long trade. Let us go take some risks, let us go make some money.
Long
by MillionaireLogistics
UsdCad Analysis from 21-02-2022The idea shared is an analysis of USDCAD for a mid term swing. Fundamentally, The CAD has shown strength owing to the recently released retail sales reports as opposed to the retail sales report from the US earlier on. Sentimentally, due to the recent shortage in supply for oil, the demand for oil has increased and given that Canada remains the 3rd largest exporters of oil, we expect to see a rise in the value of CAD. Technically, the pair has been ranging in a supply zone as shown in the schematics and explained in our analysis video with the recent break and close below the moving average on the weekly and daily chart. it is expected for price to fill in the supply zone and then continue downwards. , price may have to retest the previous support level and face resistance there for a drop in price. Our sentimental bias hence is to watch and plan for a sell trade on UsdCad. Lets go take some risk, lets go make some money, Millionaire Logistics. 
Short
by MillionaireLogistics
Euraud Buy idea from 14-02-2022. trade already activeHere We share with you a trade idea on euraud. There is no much information fundamentally. Technically, after a massive impulsive fall on Euraud, we saw a bullish weekly candle at a key demand zone, looking further to the daily charts we saw a bullish pin bar (Hammer) giving us reasons that the Euro may be looking interesting for a buy. Because, we over here had already taken a buy position on this trade, we added in the analysis our entry, stop loss and expected target profit. Let's go take some risk, let's go make some money.
Long
by MillionaireLogistics
GBPUSD weekly forex analysis and education for 14-03-2022The idea shared is an analysis of GbpUsd for a mid term swing. Fundamentally, The Usd is still showing strength owing to the recently released NFP reports. Next week will shall be keeping an eye on interest rates desions. Sentimentally, As the UK enforces hard economic sanctions as a result of Russia's involvement in Ukraine, sanctions placed on one of the biggest economic contributors in Europe (Russia), Investors are likely to be skeptical backing the British pounds. For this pair, the Usd is favoured. Technically, the pair just broke a structural level on the Weekly charts with the recent demand zone broken (refer to our previous analysis on GbpUsd), a supply zone also created on the 4hr chat time frame. It is expected for price to fill in the supply zone and then continue downwards. On the Daily charts as seen too, a support structural level has been broken, price may have to retest that level and face resistance there for a drop in price. Our sentimental bias hence is to watch and plan for a sell trade on GbpUsd . Let's go take some risk, let's go make some money, Millionaire Logistics.
Short
by MillionaireLogistics